Web Analytics
CoinDesk
2024-11-26 09:10:13

Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions

Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March's record activity. The Dencun upgrade allows Layer 2 solutions to efficiently bundle transactions and post them to Ethereum. Blob fees spiked, leading to the burning of over 166 ETH worth $560,000 in the past week.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.